Oakdale Lease Extensions: Q and A’s

  • I am the owner of a maisonnette together with the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I'm planning on purchasing a three bed flat (leasehold) but the landlord has been absent for approximately 15yrs. My question is would it be cheaper to try to purchase the freehold or to get a lease extension and apply for RTM?
  • I own a leasehold apartment in Oakdale. I have built a large extension and have not informed the leaseholder. What should I do?
  • What will it cost me and what is the best way to get a lease extension started? I have nearly seventy seven years unexpired lease on my lease on a one bedroom apartment in Oakdale. I have emailed the agent who represent the freeholder and they provided me with the number of the valuer. I have contacted the surveyor but I am not getting any kind of reaction.
  • We are looking to extend our lease having owned the property for two years as of 21st April 2015. It has circa fivety six years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • I am looking to buy a one bed flat in Oakdale for asking price of 156k, which has 74 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I would like some guidance on purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Oakdale area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • We are acquiring a one bedroom ground floor purpose built maisonette in Oakdale which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our lawyers to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must be patient until the new lease is registered?
  • I own the freehold reversion of a property in Oakdale and a leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to face?
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    Lease Extensions in Oakdale

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Oakdale